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Resolving the Sunk Cost Conflict

Advances in Management Accounting

ISBN: 978-1-78714-530-6, eISBN: 978-1-78714-529-0

ISSN: 1474-7871

Publication date: 3 July 2017

Abstract

Originality/value

We also show how differing opinions on how to treat sunk costs impact a firm’s decision-making process both economically and socially.

Keywords

Acknowledgements

Acknowledgments

We appreciate the input from Barbara Apostolou (West Virginia University), Phil Beaulieu (University of Calgary), Natalie Churyk (Northern Illinois University), Melvin Houston (Attorney at Law), David Sinason (Northern Illinois University), Mark Riley (Northern Illinois University), Dave Stout (Youngstown State University), Greg Trompeter (University of Central Florida), and Jeff Wong (University of Nevada-Las Vegas) on earlier versions of this manuscript. We also thank Brian Leonard, Research Assistant, Wayne State University, for his excellent help with this manuscript.

Citation

Reinstein, A., Bayou, M.E., Williams, P.F. and Grayson, M.M. (2017), "Resolving the Sunk Cost Conflict", Advances in Management Accounting (Advances in Management Accounting, Vol. 28), Emerald Publishing Limited, Bingley, pp. 123-154. https://doi.org/10.1108/S1474-787120170000028005

Publisher

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Emerald Publishing Limited

Copyright © 2017 Emerald Publishing Limited